Numbers Today | China upgrades welfare system to match aging trend

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• China’s cellphone market inching toward an oligopoly

  90 percentThe cellphone market in China is edging towards an oligopoly, controlling 90 percent from the previous two-thirds of the market.While Apple is intensifying efforts to dominate the mobile phone market through its enclosed but user-friendly eco-system, the environment is increasingly rigor for dozens of smaller cellphone makers loaded with Android operating system.Another force that batters small firms is the

• Intelligent manufacturing, China’s newest driver in the AI era

  200 digital workshopsChina now owns over 200 intelligent manufacturing plants and the market value of intelligent manufacturing (IM) is expected to surpass 220 billion yuan ($xx billion) by late 2020, according to research released by consultancy Deloitte.Millions of Chinese firms are modernizing using AI technology, aiming to produce goods more flexibly and efficiently. Its massive use of IM systems is

• Numbers Today | China upgrades welfare system to match aging trend

  Today marks China’s traditional Chongyang Festival when people send their regards to the elders and make Chongyang cake as a sacrifice to ancestors.China’s silver population is expanding fast. The over-60 demographic has exceeded 0.24 billion people, more than 17 percent of the total population. The ratio might increase to one-third by the end of 2050.The government has endeavored to upgrade